RKT A GREAT Long At $18 NO MORE Use Deep In The Money CallsTitle says it all wait for a drop back to $18/$20 then get long leap options calls - Not Advice
RKT trade ideas
Rocket Companies Inc 🧙Rocket Companies Inc is a Detroit-based company helping its clients achieve the American dream of home ownership and financial freedom. Its flagship business, Rocket Mortgage offers government sponsored enterprises (GSE)-conforming and government insured mortgage loan products, which are marketed in all states through the internet, national television and other marketing channels. In addition to mortgage business, it has expanded into complementary industries, such as real estate, personal lending, and auto sales. The mortgage origination business derives revenue from originating, processing, underwriting, and servicing predominantly GSE-conforming mortgage loans, along with FHA, USDA and VA mortgage loans, which are pooled and sold to the secondary market.
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RKT - Easy Gains Hi, this is my new update for RKT. In the last 3 days RKT has fallen over 20% and we broke the support levels $21.40 and $19.40 to reach all the way down to the last and most important support level $17.90-18.10. So if this level holds, then I expect we are going to close the gap in the near future. + Right now we have RSI under 30, so that indicates that RKT has been oversold. So be patient and don't PANIC ;)
Rocket Companies Q1 earnings on 5/5 at 4:05pmRocket Companies Q1 earnings are on 5/5 at 4:05pm. Rocket Companies (RKT) reported Q4 December 2020 earnings of $1.12 per share on revenue of $4.7 billion. The consensus earnings estimate was $0.86 per share on revenue of $3.8 billion.
Q1 March 2021 Consensus:
EPS: $0.86
Revenue: $3.82 B
P/E: 12.76
R3 = $24
R2 = $23.36
R1 = $22.62
pivot = $22.03
S1 = $21.34
S2 = $20.69
S3 = $20.05
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T.A. for Apes - Chapter IHere is some Technical Analysis that even Ham the Astro Chimp would understand.
In fact, I am writing this explicitly to him.
Yo ham,
Check this shit out.
You think this chart is about to flip bearish AF and live up to it's namesake?
Or is this the proverbial DIP?
Stay lifted,
****
So anyway, either the history of price action above becomes resistance now,
OR,
someone could have been buying these very rare priced pokemon.
I have no fiduciary duties or responsibilities
$RKT | Rocket Companies 🚀 Inverse Head and Shoulders$RKT recently completed a bullish inverse head and shoulders pattern and looks ready for further upside. Potential long into earnings.
RKT- Inverse Head And Shoulders PatternRKT is forming a nice Inverse Head And Shoulder Pattern. Waiting for a confirmation.
NOTE: The Inverse Head-And-Shoulder pattern is an example of a bullish reversal pattern. This means that the price action and trend that occurred before this pattern developing was bearish. The inverse head-and-shoulder pattern often shows up at the bottom of a move in the market.
RKT Earnings PlayLooking for a breakout of the descending wedge around earnings to the upside.
Looking for $24-$26 end of the week on a beat.
Just need to get the workThis is your monthly forecast for RKT, if you like my content, follow me, and if you want me to do a monthly forecast on a stock, just follow me, and then type the Ticker on the comment below.
just note this is not financial advise, a weather forecaster is the only job you can be wrong and not get blamed or fired. so this is the same analogy, not financial advise!
You guys rock on and have a good trading session tomorrow :).
a pop to $40 and then sinking!butterfly harmonic pattern:
(4)=0.78 (3)
(5)=0.88 (4)=$39
(A)=1.6 (5)=1.27 (3)=$14
(B)=0.38 (A)=$20
(C)=2.24 (5)=$8.5
RKT - SHORT SHORT SHORTRKT has been trading below the 6-8-21 day sma and struggling to break through these moving averages which signals bearish. It's sitting above the 50day sma which is using it has a support. If RKT fall below the 50day sma I'd look to enter a short position and gap fill all the way down to the $19.50-$20 area.
Contract Suggestion:
RKT 4/30 21P @ .50
Potential value area. (part II)I hadn't realized in my last idea the Chart had been shifted somehow someway ( the back and forth between time and log scale maybe? ). My sentiment remains the same and here are the fixed visuals. I'll rethink my Bullish bias if 20$ somehow flips into resistance and / or Market Bulls capitulate.
Pattern on RKT. Looking at the daily chart on RKT i see a pattern that isnt that difficult to find. If you look at previous earnings prior to them you will see that the stock trades sideways, and then there is a move up on the day of earnings or after earnings. This is a great company with record numbers and there earnings were off the charts. Dont understand how this isnt trading at a higher price, but would expect this to eventually move up. MACD is in the red right now and it seemed like it was ready to go green, but the market went red again and hopefully it turns green soon.
Potential value area approaches Price action continues to be pinned down after the dividend pump to all time highs of $43. After being rejected by the .618 of the swing low 17.50 to new ATH 43.00, we are trading between both .786's Price action looks to test both previous downward sloping supply lines which happen to also align between the .886's. If this area does in fact serve as support and the new demand zone, I see 21.50- 20.50 as a potential value area for a swing trade.
Third leg upRkt has the same low volume and candle formation at the last two highs get ready for the third leg up
ROCKET LAUNCH, STAGE 1You can clearly see cycles on every indicator as well as on the candles. It looks like we are going to have a big increase soon.
